Russian banker says sanctions-proof payment system can serve global trade

Overview Pyotr Fradkov, chairman of Russia’s Promsvyazbank (PSB), said Russia has the capability to create a cross-border payment network that is domestic in origin but international in function, according to an interview with the Russian business daily RBK reported by RT. In October 2024, PSB launched the A7 system of international payments, which according to […]